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NIO Inc. American depositary shares each representing one Class A
2024-03-31 12:46:55 ET
Summary
NIO Inc. lowers its delivery forecast for 1Q-24 due to soft demand in the Chinese market.
Despite the challenges, I believe NIO's stock is undervalued and investors are overreacting to the forecast.
NIO's gross profit is improving, and the company's valuation is favorable compared to competitors.
NIO Inc. ( NIO ) just made an announcement that said that the electric-vehicle company was curtailing its delivery forecast for 1Q-24 amid a soft demand environment in the company’s core market China....